Peter Schiff: The Fed's gonna need a bigger rate cut
More bearish technical signs in the market. Fed issues an historic 50-basis-point, inter-meeting, emergency rate cut. Investors are realizing Fed can't cure the coronavirus or the markets with their rate cuts.Fed's rate cut is decisively bullish for gold and silver. As the market was tanking, gold had one of it's best days in a while, signaling more strength ahead.Who were the gold sellers?Better to have been early and right, than late and wrong. The Real Crash is coming.Democrats would rather lose with Biden than risk winning with Sanders
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He's also the author of the bestselling books: Crash Proof 2.0
